Welcome to a multidimensional economic disaster
Matteo Wong and Charlie Warzel write: The global economy has become dependent on the AI industry. Trillions of dollars are being invested into the technology and the infrastructure it relies on; in the final months of 2025, functionally all economic growth in the United States came from AI investments. This would be risky even in ideal conditions. And we are very far from ideal conditions. Much of the AI supply chain—chips, data centers, combustion turbines, and so on—relies on key…